Author: OMN AI

When Kerry Dunstan and his partner started looking for an electric car this summer, one question topped their list: “How’s the battery?” They discovered a 2021 Nissan Leaf with 29,000 miles. The dealer said its state of health (SOH) was 93%. That convinced them. For £12,500, they bought a practical, roomy electric car with space for passengers and luggage. Dunstan, a cabinetmaker who also owns a stylish electric Volvo SUV, admits the Leaf doesn’t excite him. “I like cars with energy and character – this one’s a bit plain,” he says. Still, he’s happy. “It has performed exactly as I…

Paramount Skydance will lay off about 2,000 US employees starting the week of 27 October as part of a $2bn cost-cutting plan under new CEO David Ellison, Variety reported. The layoffs come two months after the $8.4bn merger between Skydance Media and Paramount Global, which was finalized in August. Additional job cuts are expected internationally, with further details to be announced in the company’s third-quarter earnings report on 10 November. Earlier reports suggested Paramount planned to reduce between 2,000 and 3,000 positions by early November. As of December 2024, the company employed nearly 18,600 full- and part-time workers, plus 3,500…

Safety Concerns Prompt Highway Shutdown Near Camp PendletonA section of Interstate 5 was closed on the orders of Governor Gavin Newsom after the U.S. Marine Corps announced a live-fire exercise close to Camp Pendleton. The operation, organized to commemorate the Marines’ 250th anniversary, involved the use of artillery and amphibious vehicles near one of California’s busiest traffic routes. Newsom said the exercise’s proximity to civilian areas presented an unnecessary danger, calling the demonstration “a reckless display that put motorists at risk.” Governor Faults Federal Officials for Poor PlanningState leaders said they were caught off guard by the event and accused…

Prologis has raised its 2025 earnings forecast following a strong third-quarter performance. The company now expects core funds from operations to range between $5.78 and $5.81 per share, slightly higher than its previous outlook. The positive revision reflects sustained demand in the logistics sector and favorable market conditions. Analysts note that Prologis continues to benefit from growing e-commerce and supply chain needs, which drive demand for warehouses and distribution centers. Third-quarter results showed steady growth across key markets, with increased occupancy and rental rates supporting profitability. Investors have welcomed the revised forecast, viewing it as a sign of resilience in…

Spain’s tourism industry has earned recognition for excellence, reinforcing the country’s status as a top travel destination. Authorities and industry experts highlight Spain’s achievements in hospitality, cultural experiences, and sustainable tourism practices as key factors driving its popularity. Tourists are drawn to Spain for its vibrant cities, historic landmarks, and world-class beaches. The country’s commitment to delivering quality experiences across accommodations, restaurants, and attractions ensures that visitors enjoy memorable stays. This dedication to hospitality has strengthened Spain’s global reputation in the tourism sector. Cultural offerings remain a major draw. Spain’s rich heritage, festivals, museums, and local traditions provide travelers with…

Lamborghini’s chief executive says the brand’s identity still depends on the roar, power, and emotion of combustion engines. The Italian supercar maker plans to use them for at least another decade before fully transitioning to electric vehicles. Hybrids take the lead At Lamborghini’s London showroom, CEO Stephan Winkelmann said enthusiasm for electric cars is declining. He sees this as a chance to focus on hybrid technology that blends performance with emotion. Within weeks, Lamborghini will decide whether its upcoming grand tourer, the Lanzador, will be fully electric or a plug-in hybrid. Winkelmann said the company acts responsibly but noted that…

A long-acting HIV prevention injection is set to be approved for use in England and Wales, offering a major new alternative to daily pills used to protect against the virus. The treatment, cabotegravir (CAB-LA), is administered once every two months and provides pre-exposure prophylaxis (Prep) for people at risk of HIV who are unable to take oral medication. The National Institute for Health and Care Excellence (Nice) recommended the jab in draft guidance published on Friday. Already available on the NHS in Scotland, the injection is expected to roll out in England and Wales about three months after final approval…

Market Shock Triggered by American Lending ConcernsEurope’s private equity industry is facing a steep downturn after renewed stress in the U.S. banking sector unsettled global credit markets. Reports of growing loan losses among several American regional banks have reignited investor concerns over credit quality, prompting a sell-off in European asset managers that rely heavily on debt financing. Debt-Driven Model Faces HeadwindsThe wave of caution from lenders has left private equity firms confronting tighter borrowing conditions and rising costs of capital. With banks reducing exposure to leveraged deals, the flow of new buyouts has slowed considerably. Analysts warn that the repricing…

A surprise phone call between US President Donald Trump and Russian President Vladimir Putin on Thursday has upended Ukrainian President Volodymyr Zelensky’s plans in Washington. The two leaders agreed to meet soon to discuss the war in Ukraine, catching Kyiv off guard and complicating Zelensky’s efforts to secure advanced American weapons. The timing could not have been worse. In a single day, Russia fired dozens of missiles and launched more than 300 drones across Ukraine. Civilian infrastructure suffered once again, with gas pipelines and power stations hit just as freezing temperatures arrive. Rolling blackouts now stretch across the country, signaling…

Nestlé will cut 16,000 jobs worldwide over the next two years — nearly 6% of its global workforce — as part of a major restructuring to boost sales and efficiency. The layoffs include 12,000 white-collar and 4,000 manufacturing roles. “The world is changing and Nestlé needs to change faster,” said new CEO Philipp Navratil, who took over after the dismissal of Laurent Freixe last month. The company aims to save 3 billion Swiss francs (£2.8 billion) by 2027, up from a previous 2.5 billion target, while increasing automation and streamlining operations. The maker of KitKat, Nescafé, and Purina reported a…